When the Long Lake on the western peripheral region of the old city was drained out and the area of T. Nagar was newly carved out of the existing neighborhood of Mambalam in 1923, a park was developed in the centre of the new locality intended to be a residential one.

[1] In the early days, there was a public radio inside the park to cater the visitors who gathered there to listen to music and news and stayed till the last news broadcast at 7.15 p.m.[1] The architect of Panagal Park was Ganesh Iyer.

[citation needed] The park covers 8 acres (3.2 hectares) (19,434 square meter) and has three entry points.

Almost all the shops offering Textiles and Jewellery are concentrated on South Usman Road and Ranganathan Street.

There are two educational institutions of repute around the park apart from commercial establishments, Sri Ramakrishna Mission Higher Secondary School for Boys and Sri RKM Saradha Vidyalaya Girls Higher Secondary School.